FAQ Category: General Questions

Please contact us at info@marrellitrust.ca to obtain your user ID. A security check will be performed for registered securityholders. Registered securityholders are requested to provide the name in which their securities are registered, full mailing address, phone number and email address.

Securityholders have the ability to view their registered holdings, vote their proxies, request a DRS statement, report a lost or stolen securities certificate, add or change email addresses and preferences 24/7. Clients can view their registered securityholder register(s), print various reports.

The registered owner is a securityholder of record on the books of the corporation. The registered owner may be a broker, an individual, a trust, an estate, etc.

A CUSIP number is a unique identification number assigned to all stocks and registered bonds in Canada and the United States. A CUSIP number creates a clear distinction between securities traded on public markets.

“Street Name” means that Securities are held in a broker account and registered in the name of the broker or other financial institution. For example, the brokerage firm’s name may be seen as the registered securityholder of your stock. A broker position might represent any number of beneficial owners.

There are 4 levels of eligibility with DTC: Level 1 – CUSTODY Only Only physical certificates can be deposited with DTC. While clearing through DTC, the securities will be registered in the broker’s name. Level 2 – DTC Eligible Only physical certificates can be deposited with DTC who serves as the custodian and holds the securities through its nominee name, “CEDE & Co.” Level 3 – FAST Eligible Issues that […]

DTC is a clearinghouse for securities that are held in street name, in electronic form, registered under the nominee name of CEDE & Co. DTC provides banks, brokerage firms, and other financial institutions with the ability to move securities and settle trades electronically.

The book based system means shares are traded between brokers and other financial institutions and cleared through The Canadian Depository for Securities (“CDS”). The security must have an International Securities Identification Number (ISIN). The security must be transferable, in physical form, by a CDS eligible transfer agent.

CDS is Canada’s national securities depository, clearing, and settlement house supporting Canada’s equity, fixed income, and money markets. It handles over 50 million securities trades annually. CDS settles millions of cross-border transactions with the U.S. annually and has custodial relationships with the Depository Trust Company, for example.